Mphasis technical analysis

According to the latest Pivot data, Mphasis’s immediate technical levels for the selected time period 5 minutes indicate key support and resistance zones that traders should closely monitor. The pivot point is positioned at ₹2178.1, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹2270.8, ₹2331.7, and ₹2424.4, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹2117.2, ₹2024.5, and ₹1963.6, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Mphasis’s price movement.